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Vietnam registers rise in cement exports in first 7 months of 2014, earning US$563 million

Posted on : 22 Sep, 2014

 

Vietnam is witnessing an oversupply in its cement sector. Boosting exports is a good way to tackle this problem of oversupply.

 

Reports say that the country has already witnessed a rise in its cement exports in the first 7 months of 2014 earning US$563 million of 13.1Mt of clinker and cement. The cement exports reflect a rise of 24% year-on-year in value terms and a 20.4% increase in terms of volume.

 

Vietnamese clinker and cement was mainly exported to Indonesia, Taiwan and Malaysia during this period, according to the Vietnamese Ministry of Industry and Trade.

 

It is also predicted that Vietnam's domestic cement sales will rise by 9% year-on-year, registering about 49-50 Mt in 2014 while it's cement & clinker exports will touch 16-20 Mt.

Vietnam's cement exports stood at 15 Mt in 2013.

 

The cement oversupply is further expected to rise as Vissai Cement Group's new 7mt cement plant begins operations in 2014.

 

More on Vietnam's cement market will be discussed at CMT's 16th Asia CemenTrade Summit opening on 13-14 Oct, 2014 in Jakarta, where Mr. Ryan Dat, Deputy Director of Vissai Cement Group will share a presentation on 'Boosting Vietnam's Cement Industry Through Effective Export Strategy'.

 

Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.

 

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